Nasdaq 100 Tumbles 2.5% as Technology Rout Deepens: Markets Wrap

(Bloomberg) — Technology companies led stock losses amid widespread calls from Federal Reserve officials to raise rates to prevent inflation from taking root in the U.S. economy.

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Traders also assessed news that a divided Supreme Court blocked the centerpiece of President Joe Biden’s push to get more people vaccinated, rejecting a rule that would have required 80 million workers to get shots or periodic tests. The Nasdaq 100 sank more than 2.5%, led by losses in…

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